Sep 6, 2021
On today's podcast we talk with Sam Bates (CEO of Bates
Capital Group) about his success in multifamily syndication. Sam
left Corporate America and started his real estate journey in 2009.
He walks us through how he first got into real estate, and the path
and strategies he employed to get to where he is today. He also
gives advice to investors interested in multifamily
syndication.
Sam's mission is to help busy professionals like himself gain
their freedom back through investing in high-quality real estate
investments.
Key Discussion Points
[00:59] Opening remarks by Eric Odum & Steven
Silverman
[03:48] About our guest: Sam Bates
[05:27] How did you get into commercial / multifamily
real estate?
[08:51] What was your first deal?
[10:22] Tell us about the structure of your deals
[12:51] How do you manage the back-end of the
syndication? Use another company? A software tool?
[14:11] How do you deal with investors who want out of a
syndication deal?
[15:08] Tell us about how you've expanded your geographic
reach
[17:26] What attracted you to purchase a property in
Sanford, FL? And what other areas in FL interest you?
[20:17] How do you find your deals? Broker relationships?
Send out letters?
[21:42] How do you get the best value when selling a
property? Go through brokerage?
[22:56] How do you find your investors?
[26:13] What do you look for in a deal?
[28:51] How can folks reach you?
[29:21] Any last words of advice for Florida real estate
investors?
[43:20] Closing comments by Eric & Steven
About Our Guest
Sam Bates is the founder and CEO of Bates Capital Group and
co-founder and managing partner of Trinity Capital Group. Sam
started his real estate journey in 2009 and has been directly
involved in the acquisition, reposition, disposition, and asset
management of over $100,000,000 in AUM. His portfolio currently has
749 units in Texas, Mississippi, and Georgia. Sam and his partners
have roughly another 250 units in the pipeline to be
developed.
Sam has a Bachelor of Science degree from Texas A&M
University in Finance, an MS in Personal Financial Planning, and an
MBA from Texas Tech University. Sam is an avid sports fan, skier,
and loves to the reader.